Bread Financial (NYSE:BFH) Trading 3.7% Higher – What’s Next?

Bread Financial Holdings, Inc. (NYSE:BFH)’s share price rose 3.7% on Thursday . The stock traded as high as $102.27 and last traded at $102.8490. 120,013 shares traded hands during trading, a decline of 83% from the average daily volume of 703,712 shares. The stock had previously closed at $99.19.

Analysts Set New Price Targets

BFH has been the subject of a number of analyst reports. Seaport Research Partners reissued a “buy” rating and issued a $119.00 price target on shares of Bread Financial in a report on Monday, July 27th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $115.00 price objective on shares of Bread Financial in a research report on Friday, July 24th. Wall Street Zen downgraded shares of Bread Financial from a “buy” rating to a “hold” rating in a research note on Saturday, September 19th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Bread Financial in a report on Wednesday, June 10th. Finally, BTIG Research raised their price target on shares of Bread Financial from $105.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Bread Financial has an average rating of “Moderate Buy” and a consensus price target of $112.29.

Bread Financial Stock Up 2.2%

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.17 and a quick ratio of 1.17. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 7.90, a price-to-earnings-growth ratio of 0.64 and a beta of 1.10. The firm’s 50-day moving average is $107.02 and its 200 day moving average is $94.55.

Bread Financial (NYSE:BFH) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $3.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.74 by $0.81. Bread Financial had a net margin of 11.95% and a return on equity of 18.42%. The company had revenue of $993.00 million for the quarter, compared to analyst estimates of $959.32 million. During the same quarter last year, the business earned $3.15 EPS. Bread Financial’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts anticipate that Bread Financial Holdings, Inc. will post 12.12 earnings per share for the current fiscal year.

Bread Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were issued a $0.23 dividend. The ex-dividend date was Monday, August 31st. This represents a $0.92 dividend on an annualized basis and a yield of 0.9%. Bread Financial’s dividend payout ratio (DPR) is presently 7.18%.

Insider Transactions at Bread Financial

In other Bread Financial news, Director Praniti Lakhwara sold 2,802 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $106.12, for a total transaction of $297,348.24. Following the completion of the sale, the director owned 4,458 shares of the company’s stock, valued at approximately $473,082.96. The trade was a 38.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Bread Financial

A number of large investors have recently modified their holdings of BFH. QRG Capital Management Inc. lifted its stake in shares of Bread Financial by 10.1% in the 2nd quarter. QRG Capital Management Inc. now owns 4,127 shares of the company’s stock valued at $447,000 after purchasing an additional 380 shares in the last quarter. Engineers Gate Manager LP increased its position in Bread Financial by 238.9% during the 2nd quarter. Engineers Gate Manager LP now owns 25,470 shares of the company’s stock worth $2,760,000 after purchasing an additional 17,955 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Bread Financial during the 2nd quarter worth approximately $128,000. IFP Advisors Inc raised its holdings in Bread Financial by 125.8% in the second quarter. IFP Advisors Inc now owns 490 shares of the company’s stock valued at $53,000 after buying an additional 273 shares during the period. Finally, Allworth Financial LP raised its holdings in Bread Financial by 27.2% in the second quarter. Allworth Financial LP now owns 679 shares of the company’s stock valued at $74,000 after buying an additional 145 shares during the period. 99.52% of the stock is currently owned by hedge funds and other institutional investors.

About Bread Financial

Bread Financial Corporation (NYSE: BFH) is a financial services company that provides payment, lending and savings solutions for consumers and businesses. Its offerings include private-label and co-branded credit cards, installment loans, buy now, pay later financing and direct-to-consumer savings products.

The company works with retailers and brands to design and manage customized credit programs, including account servicing, underwriting, transaction processing and customer engagement services.